Robinhood Now Has 13 Separate Business Lines Above $100 Million in Annualized Revenue. Here's Why Crypto No Longer Decides the Quarter.

Robinhood reported Q2 2026 earnings showing 32% revenue growth to $1.3 billion and 48% earnings growth, demonstrating the company's successful diversification beyond crypto trading. Despite crypto volume falling 38%, transaction-based revenue rose 44% driven by equities and options, while new business lines including banking deposits ($3B+), retirement assets ($34B+), and Gold subscriptions (4.84M) grew significantly. The company now has 13 business lines generating $100M+ in annualized revenue, positioning it as a full-service financial platform rather than just a trading app.